ECB's Rehn: Core inflation must slow before mulling easing- Monetary policy journey is not over yet
- Inflation outlook continues to be too high for too long
- A lasting rise in inflation expectations is an upside risk to inflation
- The lags and the strength of transmission (of rate hikes) to the real economy remain uncertain
The headline remark is a bit of a word of caution ahead of the Eurozone CPI data later today. Besides that, the other remarks are consistent with what we have heard before.
This article was written by Justin Low at www.forexlive.com.
Source: ECB's Rehn: Core inflation must slow before mulling easing (https://www.forexlive.com/centralbank/ecbs-rehn-core-inflation-must-slow-before-mulling-easing-20230601/)
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